TRENTON – Senate President Nick Scutari, Senate Majority Leader M. Teresa Ruiz, and Senator Paul Sarlo, chair of the Senate Budget Committee, issued the following joint statement on Governor Mikie Sherrill’s proposed Fiscal Year 2026/27 State Budget:

“The Democratic-led Legislature has successfully navigated significant fiscal challenges, collaborating with Governors from both parties to make tough decisions that prioritize the welfare of all residents. Notably, the Legislature has fully funded the pension system for five consecutive years—an accomplishment not seen in the last two decades.

“In addition to $47 billion in pension funding, we have made substantial investments in our public schools, resulting in billions allocated to enhance educational attainment and provide much-needed property tax relief. Our focus on urban development has also played a vital role in leading to the lowest crime rates in generations.

“These efforts have spurred economic growth, attracting billions in private investment, including the establishment of a major film studio that promises to create jobs and stimulate local economies—all while leaving the current Administration a $7 billion surplus and a AAA bond rating.

“We acknowledge the insight of Governor Sherrill regarding the challenges posed by President Trump's administration, which many in the Legislature have recognized as a barrier to effective governance. Together with the new Governor, we will tackle the complexities of an erratic presidency, a new global conflict, escalating gas prices, and the rising costs of healthcare.

“As we move forward, our experienced Legislature is well-equipped to address these challenges. We will collaborate with Governor Sherrill over the coming months to develop a budget that reflects our residents’ priorities and addresses the needs of our state responsibly. Our commitment to the people remains unwavering, and we look forward to presenting a comprehensive budget in June that showcases our shared vision for a prosperous future.”